Kensington has revamped its buy-to-let mortgage range, reducing rates by up to 0.50 percentage points and cutting its completion fee to 2%.
In addition, it is offering customers the choice between the 2% fee or a flat completion fee of £1,999.
The specialist lender’s buy-to-let mortgages are available to first time and experienced landlords alike, with experienced landlords benefitting from no minimum income requirements and no overall portfolio limit.
Loans are available up to £1 million and two-year fixed rates now start at 4.14%.
The new buy-to-let range includes:
| Completion Fee | Term | 70% LTV | 75% LTV | 80% LTV |
| 2.00% | 2 years | 4.14% | 4.34% | 5.24% |
| 3 years | 4.29% | 4.54% | N/A | |
| £1,999 | 2 years | 4.34% | 4.54% | N/A |
| 3 years | 4.49% | 4.74% | N/A |
Charles Morley, head of distribution at Kensington, said: “This month we have seen, for the first time in many years, house prices increasing in every region of the country, which is good news for property investors. And our new buy-to-let range provides them with more good news.
“Not only have we cut our rates and completion fee, but we are also offering intermediaries greater choice for their clients and our buy-to-let mortgages boast no minimum income for experienced landlords and no overall portfolio limit. The entire range can also be used for let-to-buy.”
